Performance Food Group (NYSE:PFGC) Shares Sold by Bridgewater Associates LP

Bridgewater Associates LP lessened its holdings in shares of Performance Food Group (NYSE:PFGC - Free Report) by 33.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,024 shares of the food distribution company's stock after selling 5,050 shares during the quarter. Bridgewater Associates LP's holdings in Performance Food Group were worth $848,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Millstone Evans Group LLC purchased a new stake in shares of Performance Food Group during the 4th quarter worth $26,000. Central Pacific Bank Trust Division purchased a new stake in Performance Food Group during the 4th quarter worth about $42,000. Blue Trust Inc. boosted its position in shares of Performance Food Group by 64.6% during the 4th quarter. Blue Trust Inc. now owns 540 shares of the food distribution company's stock worth $42,000 after acquiring an additional 212 shares in the last quarter. V Square Quantitative Management LLC increased its holdings in shares of Performance Food Group by 51.4% in the 4th quarter. V Square Quantitative Management LLC now owns 704 shares of the food distribution company's stock valued at $60,000 after acquiring an additional 239 shares during the last quarter. Finally, UMB Bank n.a. raised its position in shares of Performance Food Group by 69.1% during the 4th quarter. UMB Bank n.a. now owns 766 shares of the food distribution company's stock worth $65,000 after acquiring an additional 313 shares in the last quarter. Hedge funds and other institutional investors own 96.87% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on PFGC shares. StockNews.com lowered shares of Performance Food Group from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Barclays dropped their target price on shares of Performance Food Group from $102.00 to $95.00 and set an "overweight" rating on the stock in a research report on Tuesday. Morgan Stanley boosted their price target on shares of Performance Food Group from $94.00 to $96.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 21st. Finally, Piper Sandler lowered Performance Food Group from an "overweight" rating to a "neutral" rating and dropped their price objective for the stock from $92.00 to $90.00 in a report on Friday, February 7th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $95.09.

Performance Food Group Price Performance

NYSE PFGC traded up $0.80 during mid-day trading on Thursday, hitting $80.69. The stock had a trading volume of 974,308 shares, compared to its average volume of 1,117,339. The company has a 50 day simple moving average of $78.42 and a 200 day simple moving average of $83.16. The company has a quick ratio of 0.72, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. The company has a market cap of $12.61 billion, a price-to-earnings ratio of 32.54, a P/E/G ratio of 0.96 and a beta of 1.16. Performance Food Group has a 52-week low of $61.60 and a 52-week high of $92.44.

Performance Food Group (NYSE:PFGC - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The food distribution company reported $0.98 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.06). Performance Food Group had a net margin of 0.64% and a return on equity of 16.58%. Equities analysts forecast that Performance Food Group will post 4.58 EPS for the current fiscal year.

Performance Food Group Profile

Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates through three segments: Foodservice, Vistar, and Convenience. The company offers a range of frozen foods, groceries, candy, snacks, beverages, cigarettes, and other tobacco products; beef, pork, poultry, and seafood; and health and beauty care products.